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| Weekly chart of S&P 500 index |
S&P 500 index closed at a record high of 3140, 5.4% above its 28 week exponential moving average. Caution is needed if the index keeps climbing higher without pull back to digest its lofty gain since late September.
Weekly stock market commentary and momentum rankings of ETFs and mutual funds.
Fund Rankings Update, 11/29/2019
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
Stocks resumed its advance with optimism on US-China trade talk and positive economic data on durable good order, new home sales and upward revision of GDP. For the week, S&P 500 index closed at 3140 up 0.99%, Dow Jones Industrial Average gained 0.63% and technology laden NASDAQ composite index increased 1.71%.
S&P 500 index closed at a record high of 3140, 5.4% above its 28 week exponential moving average. Caution is needed if the index keeps climbing higher without pull back to digest its lofty gain since late September.
S&P 500 index closed at a record high of 3140, 5.4% above its 28 week exponential moving average. Caution is needed if the index keeps climbing higher without pull back to digest its lofty gain since late September.
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